ValuEngine upgraded shares of American Railcar Industries, Inc. (NASDAQ:ARII) from a hold rating to a buy rating in a research note published on Tuesday morning.

ARII has been the subject of several other reports. Zacks Investment Research upgraded shares of American Railcar Industries from a sell rating to a hold rating in a report on Tuesday, January 17th. TheStreet lowered shares of American Railcar Industries from a b- rating to a c+ rating in a report on Thursday, March 9th. Finally, Cowen and Company upgraded shares of American Railcar Industries from a market perform rating to an outperform rating and lifted their target price for the company from $44.00 to $45.00 in a report on Monday, March 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $45.00.

Shares of American Railcar Industries (NASDAQ:ARII) opened at 35.73 on Tuesday. The stock has a market capitalization of $681.84 million, a P/E ratio of 11.40 and a beta of 2.44. American Railcar Industries has a 52 week low of $35.43 and a 52 week high of $51.10. The stock has a 50 day moving average price of $40.63 and a 200 day moving average price of $43.09.

American Railcar Industries (NASDAQ:ARII) last released its earnings results on Tuesday, May 2nd. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.17. American Railcar Industries had a net margin of 11.81% and a return on equity of 17.86%. The business had revenue of $114.68 million for the quarter, compared to analysts’ expectations of $100.50 million. On average, equities research analysts expect that American Railcar Industries will post $2.40 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Friday, June 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.60 dividend on an annualized basis and a yield of 4.48%. American Railcar Industries’s payout ratio is currently 36.36%.

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of American Railcar Industries by 0.3% in the first quarter. Wellington Management Group LLP now owns 17,215 shares of the transportation company’s stock worth $707,000 after buying an additional 57 shares during the last quarter. Horrell Capital Management Inc. raised its position in shares of American Railcar Industries by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the transportation company’s stock worth $1,120,000 after buying an additional 100 shares during the last quarter. AQR Capital Management LLC raised its position in shares of American Railcar Industries by 0.7% in the fourth quarter. AQR Capital Management LLC now owns 19,462 shares of the transportation company’s stock worth $881,000 after buying an additional 133 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of American Railcar Industries by 1.1% in the first quarter. Parametric Portfolio Associates LLC now owns 21,261 shares of the transportation company’s stock worth $874,000 after buying an additional 233 shares during the last quarter. Finally, American International Group Inc. raised its position in shares of American Railcar Industries by 7.0% in the first quarter. American International Group Inc. now owns 4,772 shares of the transportation company’s stock worth $196,000 after buying an additional 314 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

American Railcar Industries Company Profile

American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars. The Company designs and manufactures railcars and a range of components for the North American railcar and industrial markets. It operates through three segments: manufacturing, railcar leasing and railcar services.

5 Day Chart for NASDAQ:ARII

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